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ADA: Bullish 🐂 or Bearish🐻 Scenario?

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A few scenarios can play out for ADA (a lot will depend on Bitcoin's movement):

Bullish Scenario #1: ADA breaks upward past local resistance.

Bullish Scenario #2: If ADA successfully breaks the local resistance, it will need to contest the major downtrend line. If that breaks upward, ADA will attempt to re-test previous ATH around $3.

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Bearish Scenario #1: Current triangle breaks down and moves sideways within the local support zone.

Bearish Scenario #2: If local support breaks, major support will be tested around $2.

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This is not financial advice. These are just my ideas and opinions.
Not
ADA broke through local resistance!
Not
Bitcoin just had a Golden Cross.
Not
ADA is once again trading at local support which has held several times now.
Not
Major Support area in play right now.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.